A Full Court Press on the Government Marketplace May Save Your Business

May 5, 2020 | Business Development, Government

Photo by Penn State on Flickr

We have all see what the Coronavirus has done to our economy. No one, me included, saw this coming or understood the effects a pandemic could have on how we do business. While the states and Federal government continue to sort out when and how we should start opening up the economy, two facts remain:

  1. The Federal government is the largest customer in the world. Yes, the world!
  2. History has shown the Federal government spends more money than usual in hopes of reviving the economy during recessions. The CARES ACT shows this pandemic is no exception.


News coverage has detailed some of the immediate relief Americans will be receiving in the next few months. However, much of the coverage on stimulus funding has centered on direct payments to individuals and forgivable loans made available by the Small Business Administration. These elements are essential to a stimulus plan. The other piece of the CARES ACT includes plans to keep government contractors stable. One example involves paid leave reimbursement to contractors while the government retools existing contracts to respond to the pandemic.

Business Opportunities

We can find opportunities to strengthen our businesses beyond the CARES ACT. There have been recent talks about an infrastructure spending bill to boost the economy further. Infrastructure improvements can be fulfilled by construction companies either directly or indirectly through government contracts.  The government is also likely to continue to stockpile PPE. While they have used existing customer relationships to fulfill these needs, they are always looking for new suppliers that can provide products with better customer services and competitive pricing. Furthermore, the government procures billions of dollars in professional services, including business consulting, information technology, legal, and medical fields. The government likely buys what your company sells in some capacity.

It’s Not a Parachute

As history has also shown, recessions are inevitable, so we should find ways to prepare. Doing business with the government isn’t something we should decide to do when times are bad. I’ve said this before. It is best to begin the initiative when times are good so that it will be there as a viable revenue stream during economic downturns.  With that said, I don’t believe we should say, “Times are bad now. It’s too late to start.” I maintain an “It’s never too late” attitude will serve us better.

It’s Not Easy

Doing business with the government is also not an easy task. Even the most experienced government business expert can find it complicating. However, there are resources available to help us figure it out. By clicking here, you can find your local PTAC (Procurement Technical Assistance Center). Your state and the Defense Logistics Agency fund your local PTACs. It is no cost to us. Also, we will be hosting a Facebook live event on Friday, May 15th at noon where I will be answering questions about doing business with the government. Stay tuned for more info.

Call to Action

What is the next step you will be taking in exploring doing business with the Federal government? If you choose not to do business with the government, what is the next step you will be taking in establishing other revenue streams?

« Back to Blog Home


No comments found.

Leave a Reply



[jetpack_subscription_form title="Subscribe to Blog"]

Unlock Opportunities: Stay Informed with Our Exclusive Insights!

Our newsletter delivers crucial insights and updates directly to your inbox. Learn about the lucrative advantages, transparent procurement processes, and timely payments that await you. Don’t miss out on the chance to navigate the world of government contracts successfully. Sign up now and stay ahead in the competitive landscape! Click here to subscribe and elevate your business!

Newsletter Subscribe

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Open quote mark

MYTH: Doing business with the government does not rely on relationships and does not require any marketing. All that is required finding opportunities on web sites and responding with quotes/proposals.

FACT: Having great relationships with government end users can provide more opportunities beyond RFQs/RFPs posted to government web sites. Some opportunities do not even require the government put it out for a competitive bid process so knowing someone could present more chances to do business. Furthermore, relationships also help build positive past performance history which is critical to winning future opportunities.